NextCar completes the acquisition of the Autonomy brand and the library of intellectual property brands

SANTA MONICA, California, November 24, 2021 / PRNewswire / – NextCar / NXCR (NextCar Holding Company), the fintech and insurtech vehicle subscription platform founded by entrepreneurs in automotive retail, auto finance and insurtech Painter Scott and Georg bauer, today announced that it has completed the acquisition of the Autonomy brand and the Micro Focus IP brand library.

Georg Bauer, co-founder and chairman of NextCar Holding Co. / NXCR

Autonomy Acquisition Includes Primary Global Domain, Autonomy.com, as well as a Family of Country and Subdomain Extensions, as well as Trademark Applications, Trademarks and Associated Trademark Intellectual Property . Autonomy was previously a Hewlett-Packard company which was later acquired by Micro Focus.

“Autonomy, which represents freedom, is more significant after the pandemic. Mobility is at the heart of what makes us feel free, so access must be flexible, easy and affordable,” said Painter Scott, co-founder and CEO of NextCar / NXCR.

“The cost of customer acquisition is one of the critical factors in determining the success of any business. Marketing a compelling brand that people can relate to in tandem with a magical product and consumer experience creates a gulf for any business and is the foundation for growing that business profitably, ”added Painter.

Painter Scott has been at the forefront of the digital revolution in the automotive industry for the past 20 years, with the unique mission of making it easier to buy and own a vehicle through technology. He has founded dozens of automotive technology and clarion fintech brands that have won over car buyers in the market. Each of these brands represent innovations that have advanced the way consumers and dealers travel to market, while easing friction in the retail and auto finance experience. Painter founded CarsDirect.com (now Internet Brands); TrueCar (traded on Nasdaq); Fair, a pioneer in used vehicle subscriptions and the Car-as-a-Service (CaaS) model; and now Autonomy.

Co-founder of the painter, Georg bauer, is widely regarded as one of the architects of modern car leasing. He was the founding CFO and later CEO of Mercedes-Benz Credit Corporation and subsequently led the expansion of BMW Financial Services globally. He was also responsible for the development of Tesla’s financial services business in Europe and Asia in support of the Model S launch. Prior to co-founding Autonomy, Bauer partnered with Painter to co-found Fair, the premier used vehicle subscription platform, creating the CaaS category.

“Easy and affordable access to mobility is a challenge for consumers around the world,” said Georg bauer, co-founder and president of NextCar / NXCR. “The ability to immediately become a global brand through our acquisition of an IP brand library that includes assets in over a dozen countries is an incredibly valuable strategic asset. We believe that autonomy will be an essential financial and insurance innovation through which consumers will have access to a vehicle. “

About NextCar Holding Company
NextCar / NXCR (NextCar Holding Company) is a technology company whose mission is to make access to mobility easy and affordable. The company was founded by disruptors in auto retail, auto finance, and auto insurance. Painter Scott and Georg bauer, who founded Fair, the very first subscription offer for used vehicles, pioneering the Car-as-a-Service (CaaS) category. Building on this experience, NextCar creates a turnkey vehicle subscription platform for the automotive industry that enables vehicle subscriptions to grow profitably and become a mainstream alternative to buying cars. traditional. NextCar is innovating through technology, finance and insurance to power car subscriptions for the used vehicle sector, as well as the battery electric vehicle and zero emission vehicle sectors. NextCar leverages partnerships with traditional automakers and auto dealers to deliver a benefit to consumers and industry.

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Scott Painter, co-founder and CEO of NextCar Holding Co. / NXCR

Scott Painter, co-founder and CEO of NextCar Holding Co. / NXCR

NXCR Logo (PRNewsfoto / NXCR)

NXCR Logo (PRNewsfoto / NXCR)

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